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Keyword: loans

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  • Biden Brags About Violating SCOTUS Ruling for Votes

    11/29/2023 1:21:07 PM PST · by Red Badger · 27 replies
    Independent Sentinel ^ | November 29, 2023 | By M Dowling -
    The Supreme Court told Biden he cannot forgive student loans at taxpayer expense for 800,000+ people, but he’s doing it anyway. He’s circumventing the law. Not only is he breaking the spirit of the law, but he’s bragging about it to the people who benefited so he can get their votes. Axios reported: Exclusive: Biden emails 800k student loan borrowers about forgiven debt More than 800,000 student loan borrowers are set to receive a message from President Biden Tuesday afternoon. Why it matters: The email, shared in advance with Axios, is a direct appeal from the president to beneficiaries of...
  • Trump fraud trial live updates: Trump never risked defaulting on loan covenants, banker suggests

    11/28/2023 1:54:09 PM PST · by thegagline · 19 replies
    ABC News ^ | 11/27/2023 | Peter Charalambous et al
    ***Defense attorney Christopher Kise requested Judge Engoron issue a directed verdict at the conclusion of testimony from Deutsche Bank managing director Dave Williams*** "Was an event of default ever declared by Deutsche Bank on the loans to the Trump Organization?" defense attorney Jesus Suarez asked Williams at the end of Williams' testimony. "No," Williams replied, prompting Kise to jump up and make his request. "This witness has again testified the bank conducted its own due diligence" and was not defrauded by Trump's statements of financial condition, Kise argued. *** Judge Engoron took the defense's motion under advisement but signaled he...
  • New evidence reveals how Hunter Biden paid debts with loans from Democrat donor, art sales

    11/18/2023 10:54:56 AM PST · by CFW · 27 replies
    Just the News ^ | 11/18/23 | By John Solomon and Steven Richards
    When Hunter Biden's foreign business deals began drying up amid his recovery from addiction and his father’s 2020 presidential campaign, he tapped a rich new source of money that has kept him afloat: Democratic supporters of Joe Biden’s presidential campaign, according to hundreds of pages of documents reviewed by Just the News. Evidence gathered by federal and congressional investigators show Hunter Biden collected over $6 million since his father began running for the presidency in 2020. The assistance flowed predominantly from prominent Democratic donor and respected Hollywood lawyer Kevin Morris, whom the first son reportedly befriended at one of his...
  • Biden Admin Orders Banks Not To Reject Illegal Immigrants' Loan Applications

    10/16/2023 9:58:40 PM PDT · by SeekAndFind · 117 replies
    Epoch Times ^ | Tom Ozimek
    The Biden administration has warned U.S. banks and other financial institutions that they can't reject illegal immigrants' credit applications based solely or predominantly on their immigration status.The Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) said in a recent statement that rejecting illegal immigrants for credit cards and various types of loans just because they are noncitizens is unlawful.The two agencies stated that they were issuing the warning "because consumers have reported being rejected for credit cards as well as for auto, student, personal and equipment loans because of their immigration status, even when they have strong...
  • Biden's Energy Loan Czar Founded a Trade Association. Now It's Selling Access to Him.

    10/06/2023 12:05:33 PM PDT · by ConservativeInPA · 8 replies
    Washington Free Beacon ^ | October 6, 2023 | Alana Goodman
    A private trade association founded by the Biden administration’s energy loan czar Jigar Shah has become a gatekeeper for companies seeking billions of dollars in financing from Shah’s office. The Cleantech Leaders Roundtable has seen a surge in its influence and revenue since its former president, Shah, was tapped to lead the powerful $400 billion Department of Energy Loan Programs Office (LPO) in 2021. The group, which didn’t have a website until three years ago, now regularly hosts sold-out receptions featuring Shah for its paying members across the country. Last week, the DOE Loans Program Office and Cleantech Leaders co-hosted...
  • DeSantis: I’ll Remove Accreditation from Schools that Have Gender Studies, DEI

    10/04/2023 10:19:31 PM PDT · by chickenlips · 18 replies
    Breitbart ^ | OCt. 4, 2023 | Ian Hanchett
    On Wednesday’s “Hugh Hewitt Show,” 2024 presidential candidate Florida Gov. Ron DeSantis (R) stated that he’ll reform the college accreditation system so “instead of you have to have gender studies, or you have to have DEI to get accredited, it’ll be the opposite. We’re not going to accredit you if you have DEI and some of these other things.” Host Hugh Hewitt asked, “As president, what can you do about tenure from K-12 and in colleges that are state-funded?” DeSantis responded, “Through the accreditation cartel. So, we’re going to totally blow up the accreditation cartel. Right now, part of the...
  • Biden admin is forgiving $9 billion in debt for 125,000 Americans. Here's who they are.

    10/04/2023 8:17:44 AM PDT · by ConservativeInPA · 28 replies
    See BS ^ | October 4, 2023 | AIMEE PICCHI
    The Biden administration said it is forgiving $9 billion in student debt for 125,000 borrowers, a move that comes as student loan repayments are starting up again this month after a hiatus of more than three years. The debt cancellation is the latest push from the White House to erase some student loans in the wake of the Supreme Court's June ruling. The 6-3 decision by the court's conservative majority invalidated the administration's plan for broad-based student loan forgiveness, which would have helped more than 40 million borrowers erase up to $20,000 each in debt. With that debt forgiveness plan...
  • I'm sick of people blaming me for my student-loan debt. It's not all my fault.

    09/16/2023 6:42:40 AM PDT · by where's_the_Outrage? · 138 replies
    Business Insider ^ | Sep 16, 2023 | Frank Olito
    I'm often blamed for complaining about my student-loan debt. But I was never taught financial literacy, and I built up debt as a kid based on misguided advice. I was trained to believe the more expensive colleges were better. After a three-year pause, my student-loan repayments are starting again, and I'll be paying $350 a month. During the payment pause, I've finally been able to save up a chunk of money for a down payment on a house. It's been my goal to buy a condo and rent it out on Airbnb as an investment. But now I won't be...
  • US housing market faces new hurdle: Student loan repayments

    08/29/2023 9:36:52 AM PDT · by millenial4freedom · 7 replies
    Fox Business ^ | 08/29/2023 | Megan Henney
    The U.S. housing market has been over the past year walloped by high mortgage rates and a worsening inventory shortage.It may soon face another obstacle: Student loan repayments.Real estate experts are bracing for a significant blow to the market when the pandemic-era freeze on federal student loan payments comes to an end this fall, according to a recent poll conducted by Pulsenomics.
  • Biden moves forward with plan to cancel $39 billion in student loan debt

    08/15/2023 3:05:36 AM PDT · by Oldeconomybuyer · 31 replies
    NY Post ^ | August 14, 2023 | By Victor Nava
    President Biden on Monday moved forward with his administration’s plan to cancel $39 billion in student loan debt for more than 800,000 borrowers after a judge dismissed a lawsuit seeking to block the plan. Michigan District Judge Thomas Ludington declared Monday that a lawsuit filed by the Cato Institute and the Mackinac Center for Public Policy against the Department of Education lacks standing, throwing the case out. The institutions argued in the suit that the administration’s plan to forgive loans from borrowers who have been paying back their loans for 20-25 years is unconstitutional and in violation of the Administrative...
  • Ron DeSantis says he has 'sympathy' for some student-loan borrowers — and wants to make it easier for them to get rid of their debt in court (bankruptcy)

    08/02/2023 9:50:55 PM PDT · by backpacker_c · 56 replies
    Yahoo ^ | Aug 2, 2023 | Ayelet Sheffey
    Gov. Ron DeSantis of Florida doesn't support broad student-loan forgiveness. But he does think bankruptcy should be an option for borrowers who cannot afford to pay off their debt. "It's wrong to say that a truck driver should have to pay off the debt of somebody who got a degree in gender studies. This is not the taxpayers that should have to do that," he added. "At the same time, I have sympathy for some of these students because I think they were sold a bill of goods. I think these universities knew that they could take all this federal...
  • Goldman Sachs Profit Falls 58% on Consumer-Lending Pullback, Commercial Real Estate

    07/19/2023 5:44:43 AM PDT · by NautiNurse · 22 replies
    WSJ ^ | 19 July 2023 | AnnaMaria Andriotis
    Goldman Sachs reported significantly lower profit for the second quarter, hurt by write-downs in its consumer and asset-management businesses. The bank on Wednesday said quarterly profit was $1.22 billion, down 58% from a year ago. That amounted to $3.08 per share, which missed the $3.16 per share expected by analysts polled by FactSet. Revenue was $10.9 billion, down 8% from a year ago. That still beat the $10.61 billion expected by analysts. Goldman is the only one among its big-bank peers to miss per-share earnings expectations. And while Citigroup and Morgan Stanley also reported profit declines, Goldman’s was the biggest....
  • Biden student loan bailout plan to cost $475B over next decade, roughly $45B more than rejected plan: study

    07/17/2023 3:37:40 PM PDT · by ChicagoConservative27 · 19 replies
    Breitbart ^ | 07/17/2023
    President Biden’s new income-driven repayment plan for student loans will cost $475 billion over 10 years, according to the Penn Wharton Budget Model, tens of billions of dollars more than an earlier plan that the Supreme Court struck down last month. The Penn model estimates taxpayers will face $200 billion in costs due to payment reductions in the president’s Saving on a Valuable Education (SAVE) plan, as a little more than half of the $1.64 trillion in outstanding loans will be covered.
  • Used Electric Vehicle Prices Crashing As Fed Pushes Auto Loan Rates Above 7% (60M Auto Loan Rates Up 74.4% Under Bidenomics)

    07/15/2023 7:57:36 AM PDT · by Kaiser8408a · 65 replies
    Confounded Interest ^ | 07/15/2923 | Anthony B. Sanders
    Yes, one of the cornerstones of Bidenomics is the massive expansion of (impractical) electric vehicles (or EVs). You know, those mondo expensive cars that run out of power after a couple of hundred miles requiring a lengthy recharge (kind of makes long distance trips the domain of Internal Combustion Engine (ICE) cars. But as Biden/Congress spent trillions on green energy (massive subsidies for anything green), we noticed that 1) inflation hit 40 year highs and 2) The Fed intervened to raise rates. So, now we see that 60-month auto loan rates are now around 7.36%, up 74.4% under “Middle Class...
  • Illinois’ biggest consumer bankruptcy firm DebtStoppers files for Chapter 11 bankruptcy

    07/15/2023 5:26:52 AM PDT · by Salman · 4 replies
    Chicago Sun Times ^ | Jul 14, 2023 | Stephanie Zimmermann
    The largest consumer bankruptcy law firm in Illinois and one of the biggest in the country has filed for bankruptcy after taking millions in taxpayer-backed loans meant to help struggling businesses survive the pandemic. The Semrad Law Firm LLC, which markets itself as DebtStoppers, filed for Chapter 11 bankruptcy on April 26 in Delaware, blaming the COVID-19 pandemic. A Chapter 11 bankruptcy allows a company to reorganize under a judge’s supervision and keep operating while paying creditors at least part of what they’re owed. ... The PPP loans were aimed at small businesses that needed help keeping employees on the...
  • Biden is accused of giving taxpayers a 'slap in the face' by forgiving $39 BILLION in student debt: Slammed for making 80% of Americans who don't have the loans 'subsidize' the few who do

    07/14/2023 4:26:01 PM PDT · by Libloather · 45 replies
    Daily Mail ^ | 7/14/23 | Wills Robinson
    <p>In a move called a 'slap in the face' to taxpayers, borrowers who have been making payments for between 20 and 25 years will have their debts wiped due to 'fixes' in the system that calculates repayment plans.</p><p>The president has continued his push to wipe billions in student debt, despite anger from taxpayers and Americans who have never been to college.</p>
  • Education Department announces student loan forgiveness for 800,000 borrowers

    07/14/2023 5:34:30 AM PDT · by Oldeconomybuyer · 41 replies
    NBC News / Comcast ^ | July 14, 2023 | By Sally Bronston
    WASHINGTON — The Education Department announced Friday it would automatically forgive student loans for more than 800,000 borrowers. The action is a result of what the department calls a “fix” to income-driven repayment plans. It's expected to total $39 billion in federal student loan forgiveness. The department said the move will address administrative issues in the income-driven repayment system. Under the plans, federal student loan borrowers are eligible for forgiveness after 20 or 25 years of payments, depending on the plan. But for some, qualifying payments that “should have moved borrowers closer to forgiveness were not accounted for,” it said...
  • Di Leo: Joe Biden, the Supreme Court, and the Student Loan Game

    07/11/2023 8:58:00 PM PDT · by jfd1776 · 6 replies
    Illinois Review ^ | July 11, AD 2023 | John F Di Leo
    Joe Biden feigned shock when the Supreme Court ruled that he had no authority to wipe out tens of billions of dollars in student loans at the stroke of a pen. The issue is so clearcut, it’s hardly imaginable that we could need to explain it, but let’s begin with that part, to be thorough. Millions of people knowingly, willingly signed onto student loan debts, often while studying for degrees in fields that are well-known for producing relatively low-paying jobs. And then, when they found these burdens to be high after college, they hoped that politicians would let them off...
  • Supreme Court student loan ruling could cost billions in economic impact, analysts say

    07/03/2023 10:03:57 AM PDT · by Oldeconomybuyer · 69 replies
    ABC News Local ^ | July 3, 2023 | ByLaura Gersony
    WASHINGTON -- The Supreme Court's decision striking down President Joe Biden's program to forgive student loan debt for about 43 million people could hurt not just individual borrowers, but also the U.S. economy, as billions of dollars of consumers' disposable income are taken out of circulation. The ruling could spark a "modest headwind" against economic growth, Bernard Yaros, an economist at Moody's, a financial risk assessment firm, told ABC News. "None of this is enough to tip the economy into a recession," Yaros said. "But this is no doubt a hit." Thomas Simons, an economist with the equity research firm...
  • Why Women Will Suffer the Most if the Supreme Court Rules Against Biden's Student Loan Forgiveness Plan

    06/29/2023 3:57:03 AM PDT · by Oldeconomybuyer · 86 replies
    TIME ^ | June 28, 2023 | BY SOLCYRE BURGA
    ... As millions of borrowers anxiously await a looming Supreme Court opinion that will decide whether President Biden’s student loan forgiveness is constitutional, a subset of that population finds themselves especially eager to hear the news: women. Women hold nearly two-thirds of the country’s student loan debt, owing $929 billion of the $1.54 trillion student debt, according to the American Association of University Women (AAUW). “That’s a pretty substantial amount of money that women are taking on in many cases to just sort of achieve what men don’t even need to have a degree to achieve,” Gloria L. Blackwell, CEO...